UNITED REPUBLIC OF TANZANIA - tic.co.tz

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5 UNITED REPUBLIC OF TANZANIA MINISTRY OF INDUSTRY, TRADE AND INVESTMENT TANZANIA INVESTMENT CENTRE PROCEDURE FOR OBTAINING TIC CERTIFICATE OF INCENTIVES Shown below is some basic information to guide you if you intend to invest in TANZANIA and obtain TIC Certificate of Incentives.

6 (a) THE TANZANIA INVESTMENT CENTRE grants Certificates of Incentives under authority conferred upon it by Part III, Section 17 (1-8) of TANZANIA Investment Act, 1997. This Act is available on request at TIC Offices and in all Government bookshops. Enterprises engaging or intending to engage in Mining and Petroleum Sectors shall follow the approval process contained in their respective laws (Mining Act 1998 & Petroleum Act 1980). However, the Centre upon request shall assist all investors to obtain such permits and authorization required by other laws to set up and operate investment in TANZANIA .

7 (b) INVESTMENT OPPORTUNITIES AVAILABLE IN TANZANIA MAINLAND Investment opportunities available in TANZANIA Mainland are categorized into the following sectors: Agriculture & Livestock, Tourism, Manufacturing, Commercial Building, Transportation, Broadcasting and Telecommunication, Natural Resources, Financial Institutions, Energy, Human Resources Development, Economic/Infrastructure. (c) MINIMUM INVESTMENT To qualify for and obtain TIC Certificate of Incentives minimum fixed investment cost for New, Rehabilitation and Expansion Projects should be at least US$ 100,000 for projects, which are wholly owned by Tanzanian Citizen (s), and US$ 500,000 for projects, which are wholly owned by foreign investors, or if a joint venture.

8 2 (d) THE INCENTIVES PACKAGE AVAILABLE TO HOLDERS OF TIC CERTIFICATES OF INCENTIVES ARE: (i) Access to various services related to permits, licenses and approvals in the TIC One Stop Facilitation Centre. The following services are currently available; Immigration services Labour Services TANZANIA Revenue Authority (TRA) Ministry of Lands and Human Settlements services TANZANIA Bureau of Standards (TBS) Business Registration and Licensing Authority (BRELA) National Environment Management Council (NEMC) Occupational, Safety and Health Authority (OSHA) TANZANIA Food and Drugs Authority (TFDA) TANZANIA Electric Supply Company Limited (TANESCO) (ii) The recognition of private property and protection against any non-commercial risks.

9 TANZANIA is an active member of the World Bank Foreign Investment Insurance wing, MIGA (Multilateral Investment Guarantees Agency). Likewise TANZANIA is a member of The International Centre for Settlement of Investment Disputes (ICSID) also a body affiliated to the World Bank. (iii) Zero percent (0%) Import Duty on Project Capital Goods, Computers and Computer Accessories, Raw Materials and Replacement Parts for Agriculture, Animal Husbandry and Fishing, Human and Livestock Pharmaceuticals and Medicaments, Motor Vehicle in C